Orla Mining (TSE:OLA) Sets New 12-Month High - Here's What Happened

Key Points

• Orla Mining Ltd. reached a new 52-week high at C$17.46, with a trading volume of 468,268 shares.
• Equities analysts have mixed ratings on the stock, with one Strong Buy, four Buy, and one Hold rating; the average target price is C$14.75.
• The company has a market capitalization of C$5.73 billion and a high P/E ratio of 251.43, indicating growth expectations.

Orla Mining Ltd. (TSE:OLA - Get Free Report) reached a new 52-week high on Monday . The stock traded as high as C$17.46 and last traded at C$17.46, with a volume of 468268 shares trading hands. The stock had previously closed at C$15.98.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Stifel Nicolaus lowered their price target on Orla Mining from C$19.00 to C$18.50 and set a "buy" rating on the stock in a research note on Wednesday, August 6th. Royal Bank Of Canada boosted their price target on Orla Mining from C$15.00 to C$18.00 in a research note on Wednesday, June 4th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Orla Mining currently has an average rating of "Buy" and an average target price of C$14.75.

Orla Mining Stock Performance

The company has a market capitalization of C$5.73 billion, a P/E ratio of 251.43 and a beta of 0.07. The firm has a 50 day moving average price of C$14.70 and a two-hundred day moving average price of C$14.08. The company has a debt-to-equity ratio of 12.68, a quick ratio of 1.22 and a current ratio of 4.54.

Insider Buying and Selling at Orla Mining

In other news, Senior Officer Etienne Morin sold 10,000 shares of the company's stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of C$15.51, for a total value of C$155,064.00. Corporate insiders own 51.68% of the company's stock.

Orla Mining Company Profile

Orla Mining Ltd is a mineral exploration company. It is engaged in the acquisition and exploration of mineral properties. The company holds two gold projects; the Camino Rojo gold and silver project in Zacatecas State, Mexico, and the Cerro Quema gold project in Panama. It conducts business activities in the geographic areas of Mexico, Panama, the United States, and Canada.

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